The First Trust Combined Series 495 Investment Grade Multi Asset Income 10-20 Year Mutual Fund UIT Supplement Series 21 is a unit investment trust designed to provide investors with current income and capital preservation. This trust invests in a fixed portfolio that primarily consists of investment grade corporate bonds and taxable municipal bonds, focusing on securities with maturities ranging from 10 to 20 years. By concentrating on high-credit-quality fixed income assets, the fund seeks to mitigate credit risk while generating steady income through monthly distributions. The trust structure generally means it has a defined life and maintains its original holdings rather than actively managing the portfolio. This multi-asset approach allows for diversification across both corporate and municipal issuers, appealing to investors looking for long-term, predictable income and relative stability in their investment holdings. The fund's regulated investment company tax structure further supports efficient income distribution to its holders. This investment plays a significant role in the fixed income segment by helping to meet the cash flow needs of those seeking a lower-risk, diversified solution over an extended investment horizon.
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